Core Points - The agreement between the EU and Mercosur is deemed "essential" for the competitiveness of the textile industries in both regions [1] - The deal creates a free trade area by eliminating tariffs on over 90% of EU exports to Mercosur countries [1] Trade Statistics - In 2024, the EU exported €57 billion in goods to Mercosur, making it the second-largest trading partner for Mercosur [2] - The EU's textiles and apparel sector comprises around 200,000 companies employing 1.2 million workers, with an annual turnover of approximately €170 billion [3] - Brazil's textile sector includes 25,700 businesses employing about 1.3 million people and generating $40.9 billion in turnover [4] - Argentina's textile sector consists of 4,000 companies with 540,000 workers along its value chain [4] Strategic Importance - The partnership is expected to enhance economic integration, provide predictable business rules, and support multilateral cooperation [2] - The agreement offers opportunities for market access, technological cooperation, investment, and strengthening environmental standards for both economic blocs [4] Commitment to Implementation - FITA, ABIT, and EURATEX reaffirmed their commitment to actively contribute to the implementation of the deal and pursue further actions to solidify both regions as key players in global trade [3][4]

Core Viewpoint - Leaders from various countries will convene in Belem, Brazil, to discuss climate change ahead of the annual U.N. summit, amidst concerns regarding the state of multilateral cooperation [1] Group 1 - The gathering aims to advance progress on climate initiatives despite increasing worries about the effectiveness of international collaboration [1]